Intuit Bets on AI-Powered Revenue Automation with Sequence Acquisition

Intuit Inc. (NASDAQ:INTU) stock is trading higher by more than 6% on Thursday after the company announced to acquire Sequence, an AI-native revenue management platform. The acquisition expands Intuit’s revenue management offerings for mid-market businesses. • Intuit stock is charging ahead with explosive momentum. Why is INTU stock surging? AI-native ERP Expands for Intuit Founded in 2021, Sequence leverages AI to help B2B finance and commercial teams automate the full quote-to-revenue lifecycle, including deal configuration and pricing, billing, invoicing, collections, and revenue recognition. The acquisition will strengthen the capabilities of Intuit’s Intuit Enterprise Suite, a resource planning and consolidation platform, and QuickBooks Online Advanced, its cloud-based accounting platform. The acquisition will also expand Intuit’s reach to sectors, including B2B software, professional services, construction, healthcare, and manufacturing. Sequence co-founder and CEO Riya Grover highlighted the growing need for revenue management automation as business complexity grows with usage-based and hybrid pricing revenue models. Ashley Still, executive vice president and general manager, Small Business & Mid-Market Group at Intuit, said the acquisition further extends Intuit Enterprise Suite directly into industries that increasingly leverage AI consumption models and is a meaningful step forward for the company to deliver AI-native ERP for complex businesses. Following the acquisition, Grover and the Sequence team will join Intuit’s Mid-Market product organization. Intuit held $4.7 billion in cash and cash equivalents and had total debt of $7.7 billion as of July 31. Financial terms of the deal were not disclosed. Intuit Reiterates First Quarter and Full Year Fiscal 2027 Guidance Intuit reiterated its financial guidance for the first quarter and full year fiscal 2027 in conjunction with its Investor Day on Sept. 17. Intuit expects fiscal 2027 revenue to be between $23.279 billion and $23.512 billion, representing 9% to 10% growth. GAAP EPS is projected at $20.12 to $20.36, while adjusted EPS is expected at $22.88 to $23.12, compared with the analyst consensus estimate of $24.04. The company expects first-quarter fiscal 2027 revenues between $4.29 billion to $4.31 billion and adjusted EPS at $2.44 to $2.48. See More: Top Growth Stocks Analyst Outlook The stock carries a Buy rating with an average price forecast of $378. Recent analyst moves include: RBC Capital: Outperform (Maintains target to $385 on Oct. 2) Evercore ISI Group: Outperform (Maintains target to $400 on Sept. 18) Mizuho: Outperform (Maintains target to $430 on Sept. 18) INTU Price Action: Intuit shares were up 6.04% at $329.20 at the time of publication on Thursday, according to Benzinga Pro data. Image via Shutterstock Read Also: Producer Inflation Jumps to 6.3%, Exceeding Estimates, as Fed Hike Pressure Builds (UPDATED)